Greenwood’s mission to become the primary digital banking destination for Black and Latino communities to generate wealth continues.
The Latest Funding Round
In a press release, the digital banking platform announced a $45 million funding round led by Pendulum.
The latest investment follows Greenwood’s recent acquisitions of Black-founded companies, The Gathering Spot and Valence, and speaks volumes to the power of the Black entrepreneurial ecosystem.
“This investment and our new partnership with Pendulum demonstrate the power of the Black ecosystem and that when you Choose Black, you will not be underserved,” said Greenwood’s Chairman Ryan Glover, in an official press release shared with AfroTech. “Our vision is to make Greenwood the premier destination for Black and Latino wealth creation and regeneration while keeping community connection and collective professional advancement at the center.”
Meet The Team
As previously reported by AfroTech, Glover founded the bank alongside Dr. Paul Judge, Civil Rights leader Andrew J. Young, and rapper and activist Michael “Killer Mike” Render.
It's Time To Elevate
Not only has Greenwood managed to close a lucrative funding round, but the company also announced a new membership pillar, Elevate, which was created to provide an all-access pass to help take consumers’ careers and lifestyles to the next level.
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Through the latest initiative, bankers will have access to The Gathering Spot’s exclusive membership network and physical clubhouses located in Atlanta, Washington D.C., and Los Angeles.
In addition to that, they will be able to utilize Valence’s professional networking platform for tens of thousands of job listings through the company’s recruiting database. Through Elevate, members will also be able to attend invitation-only events.